The Wholesale Cost of a Desk Is $490

question 138

Multiple Choice

The wholesale cost of a desk is $490. The original markup was 69% based on selling price. Find the final sale price after the following series of price changes: a markup of 30%, a markdown of 13%, and a markdown of 36%. (Round each intermediate selling price to the nearest cent)

• A) $599.41
• B) $1,144.14
• C) $645.52
• D) $616.07

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Definitions:

Combative

Exhibiting readiness or eagerness to fight or be aggressive.

Deindividuation

A psychological state characterized by reduced self-awareness and diminished social identity, leading to uninhibited and sometimes antisocial behavior.

Validity Effect

The tendency to believe information is correct or valid simply because it has been repeated many times.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or behaviors).